Op-Ed by Florida’s OFR Commisioner encourages education

In an Op-Ed that appeared in Monday’s Pensacola News Journal, Drew J. Breakspear, commissioner of Florida’s Office of Financial Regulation, wrote about the importance of empowering youth to ensure a sound economic future. According to Breakspear, a financial literacy study conducted by leading research organizations indicates “young people in developed countries (including the United States), […]

Alabama and Florida cities rank on large city growth charts

A recent look by the U.S. Bureau of Labor Statistics finds three Florida cities in the top 10 fastest growing economies in 2015. Headlight Data put the statistics together by highlighting the major metro areas in the country with one million or more residents. While Austin topped the list, Orlando, Jacksonville, and Tampa ranked in […]

Alabama House committee to hear predatory lending bill

It’s no secret that predatory lending is one of the largest contributing factors to a cycle of debt for some consumers. They often feel too embarrassed about their credit scores, lack of financial solvency, and other issues which lead them to turn to the traps of payday lenders. This week the Alabama House Financial Services […]

Court awards substantial interest payment atop judgment for NCUA

NCUA recently settled on a $29 million offer of judgment from Credit Suisse as partial recompense for poorly funded residential mortgage-backed securities purchased by two failed corporate credit unions — Members United and Southwest Corporate Credit Unions. On top of that agreement, a court added $21.3 million in prejudgment interest. The Swiss banking institution also will be […]